RESTRICTIONS AND LIMITS Clause Samples
The "Restrictions and Limits" clause defines specific boundaries and prohibitions regarding the use or performance of certain rights, products, or services under the agreement. It typically outlines what actions are not permitted, such as prohibiting resale, reverse engineering, or use beyond a specified geographic area or user group. By clearly delineating these boundaries, the clause helps prevent misuse, overreach, or unintended exploitation, thereby protecting the interests of the parties and ensuring compliance with the intended scope of the agreement.
RESTRICTIONS AND LIMITS. All shares of Common Stock or Preferred Stock issued to ▇▇▇▇▇▇▇ pursuant to this Agreement shall contain restrictive legends as determined by counsel to Orchid to be required under the securities laws of the United States and the relevant states or any stock subscription agreement and shall be subject to existing Shareholder Agreements and Charter or By-Law limitations on transfer.
RESTRICTIONS AND LIMITS a. So long as fifty percent (50%) or more of the originally issued shares of Series A Preferred shall be outstanding, the corporation shall not, without first obtaining the affirmative vote or written consent of the holders of not less than sixty-six and two-thirds percent (66-2/3%) of the then outstanding shares of Series A Preferred, voting as a class:
(1) amend or repeal any provision of, or add any provision to, the corporation's Amended and Restated Articles of Incorporation or Bylaws if such action would adversely alter or change the preferences, rights, privileges or powers of, or the restrictions provided for the benefit of the Series A Preferred;
(2) create any new series or class of stock having any rights, preferences or privileges senior to or on a parity with any such rights, preferences or privileges of the Series A Preferred;
(3) increase or decrease the authorized number of shares of Series A Preferred or Preferred;
(4) pay any dividend on, or redeem, repurchase or otherwise acquire any shares of, the Common or Preferred (other than (i) any repurchases of shares of Common held by an employee of the corporation upon termination of employment, (ii) as approved by the Board of Directors);
(5) merge into or consolidate with any other corporation or entity (other than any transaction in which the corporation's shareholders own a majority of the securities of the surviving corporation) or sell all or substantially all of the assets of the corporation;
(6) amend, or take any action intended to circumvent, the provisions of this Section 6.
RESTRICTIONS AND LIMITS. Call recorder Data availability
RESTRICTIONS AND LIMITS. The following are prohibited and therefore you may not use your Card for the following activities: ● Non-regulated Gambling ● Pharmaceuticals (non-regulated) ● Drugs & related Paraphernalia ● Adult chat or webservices ● Audiotext services (for example, psychic hotlines) or videotext services (for example, adult chat internet sites) ● Purchase of counterfeit or unauthorised goods: The following are identified as higher risk activities, therefore we reserve the right to undertake enhanced due diligence or block transactions to these Merchant types, including: ● Regulated Gambling ● High-risk businesses (as determined by us and Mastercard) ● Certain financial services (as restricted by us and Mastercard) ● Money Services ● Virtual Asset Service providers ● Charities ● Religious organisations At pay-at-pump petrol stations and most road tolls your Card may not be accepted if they don’t have the facility to pre-authorise the transaction. We reserve the right to impose a value greater than the prospective purchase price for such pre-authorisations. Pre-authorisation checks the balance on your Linked Account prior to the transaction to ensure that there is sufficient balance available to settle the transaction and avoids potentially taking your Linked Account overdrawn. The following fees apply. New / replacement physical Card £9.95 ATM withdrawal (in the UK) £2.50 ATM withdrawal (in EU) £2.50 ATM withdrawal (in rest of world excluding EU and UK) £3.50 The following limits apply. ATM withdrawal (value) £500 per Transaction and aggregate limit of £1,000 per day* ATM withdrawal (number) Max 2 per day Merchant Transaction (value) £10,000 per Transaction and aggregate limit of £10,000 per day* Merchant Transaction (number) Max 50 Transactions per day. * Set out in £. If Transaction is made in another currency, the equivalent amount will be applied in such currency. Please read this Agreement carefully before redeeming your reward. This information forms the terms and conditions of our XRP Reward Programme. If there is anything you don’t understand or agree with, please contact Customer Services.
RESTRICTIONS AND LIMITS. A. Contractor shall prohibit use of cash advances or withdrawals at ATMs for all card accounts.
B. Contractor agrees to suspend, impose, and/or set limits and restrictions on payment/card accounts as specified by STP to include, but not be limited to:
1) Limiting the types of transactions allowed and the number of transactions allowed.
2) Limiting the dollar amount of transactions that can be applied to the account within a particular time period.
3) Maximum daily/weekly/monthly spend limits.
4) Limiting or blocking a single or multiple merchants by use of Merchant Category Codes (MCC).
5) Limiting the length of time a card or an account number remains active.
6) Suspending any account that is delinquent for a period exceeding ninety (90) calendar days from the Billing Cycle close date.
7) Cancelling/closing any account that is delinquent for a period exceeding one hundred eighty (180) calendar days from the Billing Cycle close date.
C. On an exception basis, the Contractor must have a process in place whereby the User Agency can request the Contractor to change the limits instantly or within a few hours.